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> What's the context behind this? From the article: > Right now, however, there is a ripple effect of uncertainty in our sector. Since the start of Q4, we’ve
by simplotek 4y ago
> What's the context behind this?
From the article:
> Right now, however, there is a ripple effect of uncertainty in our sector. Since the start of Q4, we’ve seen a dramatic shift in how every company’s performance is evaluated. Companies were once praised for growth at all costs. Very rapidly, market expectations have shifted. The emphasis now is on maximizing efficiency.
It sounds like they are cowardly using the Google/Amazon/Twitter workforce decimation campaign as a scapegoat to fire people.
- wongarsu 4y agoI find their explanation pretty reasonable. In 2020 and 2021 money used to be close to free, with interest rates near zero and VCs throwing money at anyone with a growth story. Now both of these are no longer true, VCs are much more reserved and bank loans much more expensive. And with money being more expensive to acquire, everyone is more considerate about spending money (and thus manpower).
- simplotek 4y ago> I find their explanation pretty reasonable. In 2020 and 2021 money used to be close to free, with interest rates near zero and VCs throwing money at anyone with a growth story. You're trying to put words in their mouth. Nowhere in their rationale they mention funding or money or interest rates or revenue or results. They only argue that they decided to base their HR policies on a fad. To me this looks like an awfully cowardly way to justify their own decisions on a pseudo-force majeure. Bullshit through and through.
- vander_elst 4y agoI've heard about Twitter and Amazon campaigns, but not Google's yet. Would it be possible to provide a link for that?
- ghaff 4y agoJust about everyone is being more cautious about headcount and even if they're not net shrinking their workforce, they're looking harder at what people are working on.